(a) Prior to entering into a contract for sale or construction of a new home, the builder shall disclose in writing to the owner whether:
(1) The builder participates in a new home warranty security plan through which:
(i) The builder must provide the owner with a new home warranty; or
(ii) The builder may provide a new home warranty to the owner at the owner’s option; or
(2) The builder does not participate in a new home warranty security plan.
(b) The disclosure will be made on a form approved by the Division.
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